Looking to diversify beyond FTAWX? The mutual funds below have the lowest correlation with FTAWX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FTAWX.
Best Diversifiers for FTAWX
2 mutual funds have low correlation with FTAWX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.15 | 0.37 | 67 | Diversified Portfolio | FTAWX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.26 | 0.14 | 0.08 | 95 | Long-Short | FTAWX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.43 | 0.61 | 0.62 | 88 | Diversified Portfolio | FTAWX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.43 | 0.61 | 0.62 | 86 | Diversified Portfolio | FTAWX vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.44 | 0.62 | 0.62 | 88 | Diversified Portfolio | FTAWX vs FSRKX |
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